About Mantra Resorts, Hotels & Apartments Palmerston
Mantra is a collection of resorts, hotels, and apartments across Australia and New Zealand. Its owner, Mantra Group, has an impressive reputation in developing properties. The group’s portfolio has 135+ establishments and 22,000+ rooms across Australia, New Zealand, Indonesia and Hawaii. Their hospitality services range from luxury vacations, coastal resorts, serviced apartments in central business districts, and leisure destinations. This combination is what’s keeping the group a notable figure for management and guest relations. This group of 5500+ members received AccorHotels’ Awards for Excellence in 2018.
As the largest category marketer in Australia, this group has $8+ billion assets under their management. Without a wide international following in that calculation, the group is definitely doing many times more than the average. In 2014, they were able to get listed on the Australian Securities Exchange (ASX:MTR), and in its first year as a public company it was already part of the ASX 200 list. Former CEO of the group, Bob East, led from 2007 to 2018. His leadership turned the 41 properties of the group in 2006 into 140 properties in 2018. He also directed ACCOR’s acquisition of their hotels for a sale price of $1.3 billion. That enterprise value for Mantra Group investors has skyrocketed progress in their investments and the properties’ performance.
